Nemaska Lithium Inc (TSE:NMX)’s share price crossed above its two hundred day moving average during trading on Tuesday . The stock has a two hundred day moving average of $0.00 and traded as high as $0.27. Nemaska Lithium shares last traded at $0.26, with a volume of 164,917 shares.

NMX has been the subject of several recent analyst reports. National Bank Financial dropped their price objective on Nemaska Lithium from C$0.70 to C$0.50 and set a “sector perform” rating for the company in a research note on Friday, May 17th. BMO Capital Markets dropped their price objective on Nemaska Lithium from C$0.35 to C$0.30 and set a “speculative buy” rating for the company in a research note on Tuesday, May 28th. Finally, Cormark dropped their price objective on Nemaska Lithium from C$0.55 to C$0.40 in a research note on Monday, July 22nd.

The company has a fifty day simple moving average of C$0.27. The company has a current ratio of 3.09, a quick ratio of 3.04 and a debt-to-equity ratio of 98.93. The firm has a market cap of $228.85 million and a P/E ratio of -6.05.

Nemaska Lithium (TSE:NMX) last announced its earnings results on Wednesday, May 15th. The company reported C($0.01) EPS for the quarter. As a group, sell-side analysts forecast that Nemaska Lithium Inc will post -0.0407547 EPS for the current year.

About Nemaska Lithium (TSE:NMX)

Nemaska Lithium Inc operates as a developing chemical company in Canada. The company focuses on integrating activities from spodumene mining to the commercialization of lithium hydroxide and lithium carbonate. It owns 100% interests in the Whabouchi property that consists of 33 claims covering an area of 1,716 hectares located in the Eeyou Istchee/James Bay area of Quebec province.

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